Piper Jaffray Companies reaffirmed their buy rating on shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) in a research note published on Friday. The brokerage currently has a $50.00 price target on the bank’s stock.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Enterprise Financial Services Corporation from a buy rating to a hold rating in a research note on Monday, July 3rd. BidaskClub upgraded Enterprise Financial Services Corporation from a sell rating to a hold rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $45.00 target price on shares of Enterprise Financial Services Corporation in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $43.50.

Enterprise Financial Services Corporation (NASDAQ EFSC) traded down 0.87% on Friday, hitting $39.95. The stock had a trading volume of 39,501 shares. The company has a 50-day moving average price of $41.12 and a 200-day moving average price of $41.99. The stock has a market capitalization of $938.07 million, a price-to-earnings ratio of 16.47 and a beta of 0.87. Enterprise Financial Services Corporation has a 52 week low of $26.84 and a 52 week high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last issued its earnings results on Monday, April 24th. The bank reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $45.62 million during the quarter, compared to the consensus estimate of $45.72 million. Enterprise Financial Services Corporation had a return on equity of 12.15% and a net margin of 26.77%. Equities research analysts anticipate that Enterprise Financial Services Corporation will post $2.60 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.11 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.09%. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is currently 18.11%.

In other Enterprise Financial Services Corporation news, insider Douglas Bauche sold 1,200 shares of Enterprise Financial Services Corporation stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $42.50, for a total transaction of $51,000.00. Following the completion of the transaction, the insider now owns 2,839 shares in the company, valued at approximately $120,657.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Benoist sold 10,621 shares of Enterprise Financial Services Corporation stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $41.96, for a total value of $445,657.16. Following the transaction, the chief executive officer now owns 3,027 shares of the company’s stock, valued at approximately $127,012.92. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in EFSC. Vanguard Group Inc. increased its position in Enterprise Financial Services Corporation by 10.3% in the first quarter. Vanguard Group Inc. now owns 952,276 shares of the bank’s stock worth $40,376,000 after buying an additional 89,165 shares during the period. Dimensional Fund Advisors LP increased its position in Enterprise Financial Services Corporation by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 890,344 shares of the bank’s stock worth $37,751,000 after buying an additional 49,557 shares during the period. State Street Corp increased its position in Enterprise Financial Services Corporation by 5.1% in the first quarter. State Street Corp now owns 373,035 shares of the bank’s stock worth $15,817,000 after buying an additional 18,021 shares during the period. Prudential Financial Inc. increased its position in Enterprise Financial Services Corporation by 42.7% in the first quarter. Prudential Financial Inc. now owns 321,885 shares of the bank’s stock worth $13,648,000 after buying an additional 96,310 shares during the period. Finally, Kennedy Capital Management Inc. increased its position in Enterprise Financial Services Corporation by 5.5% in the first quarter. Kennedy Capital Management Inc. now owns 312,423 shares of the bank’s stock worth $13,247,000 after buying an additional 16,220 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

About Enterprise Financial Services Corporation

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

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